RISK MANAGEMENT & INSURANCEAll multiple choice please answer as many as possible. Thank you in advance :)

10. Tri-Wheel Industries manufactures three-wheeled vehicles for off-road recreational use. Universal Film Crews leased one of these vehicles to use on their movie sets. Four weeks later, the risk manager sent an email message to the company's insurance broker notifying her to add this vehicle to their business automobile insurance policy. The insurer will probably not add this vehicle to the policy because: a. The vehicle is being used for a different purpose than the manufacturer intended b. The vehicle only has three wheels c. The vehicle is not being driven on public roads d. Business automobile insurance policies are only written for owned vehicles e. The notification to the insurer was sent beyond the acceptable notification date 11. A Xavier Trucking employee recently backed a company owned truck into Mr. Knox's personal automobile that Mr. Knox was driving down the public street. In the accident Mr. Knox's car sustained $3,000 in damage and Mr. Knox suffered a broken finger that resulted in and medical bills of $2,000. His passenger, Mr. Lincoln had his new $500 suit torn. Xavier's truck also sustained $1,000 in damages. Xavier purchased a business automobile insurance policy that specified coverage for Symbol 1 - Any "Auto". The policy has a per occurrence deductible of $500. This policy will pay for: a. Only damage to Xavier's owned vehicle b. Only damage to Xavier's and Mr. Knox's vehicles c. Damage to Mr. Knox's vehicle only d. All of the above losses, less $500 for each item e. All of the above losses, less $500. 12. Which of the following is NOT an advantage of purchasing a business automobile insurance policy? a. The policy enables the firm to comply with financial responsibility laws b. The policy satisfies lenders' collateral requirements C. The policy provides funds for covered legal defense claims d. The policy will pay unlimited liability costs and specified limits for owned vehicles e. The business automobile insurance policy premiums are a tax deductible expense